In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask an expert
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BankVIC 12 Months Regular Income review

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BankVIC 12 Months Regular Income
Interest rate 12 months interest rate
Up to 4.95% p.a.
Minimum opening deposit
Account keeping fee


You could earn an extra income from your own savings with BankVic’s unique term deposit plan.

The higher rates found with a term deposit still apply with the 12 Months Regular Income account, except you can choose to collect payment from them on a regular basis. This is a specialised savings account with the benefit of a fixed interest rate for one year, and the opportunity to add to your account throughout the term.


  • Specialised savings account with the benefit of a fixed interest rate
  • No management or account keeping fees
  • Competitive interest rates


  • Minimum initial deposit of $5,000

In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask an expert


Key details

Product Name BankVIC 12 Months Regular Income
12 month interest rate 4.95%
Minimum Opening Deposit $5,000
Minimum age requirement 18
Government guarantee Yes


Minimum Age Requirement 18
Joint account availability No
Min Deposit $5,000
Available to children Not available for children

Key features

Interest rates from 4.95% p.a.

If you invest from $5,000, the starting interest rate is 4.95% p.a. This is a term deposit of one year.

How is my interest calculated and paid?

The interest is calculated on your daily balance in the account. You can choose fortnightly, monthly, quarterly or yearly interest payments into a separate account, or allow it to be compounded with the balance at the end of the year.

Launch term deposit calculator

How to apply

With BankVic you can apply for the 12 Months Regular Income term deposit account by calling or stopping by your local branch. You are also able to fill in an online application.


Before you get started, there are some eligibility requirements that you should become familiar with:

  • Minimum age. All applicants must confirm that they are at least 18 years of age before being able to continue with the application.
  • Residency requirements. BankVic and their products are only open to Australian residents and citizens.

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